Post
Topic
Board Speculation
Re: Who wants to see the price go down?
by
hangar18
on 11/09/2017, 16:09:10 UTC
I can't wait to see it at 3K level. I will load what I can buy. Btw, I own a dozen of it, so I'm loosing in the short term, but I know it will pass 6k by 2018.  Time to load again What's your entry price?
A trader would want the price to drop dramatically and then wait until the bitcoin price increases again. This is one way to be able to make a profit. By leveraging all possibilities then expecting a declining price is a hope that can be profitable for bitcoin buyers. after the price increases then they will be ready to sell the bitcoin that has been purchased at a higher price than when buying it.
But it just useful when almost traders have thought like you, if they still want drop the price of Bitcoin to lower more, buy back can makes you buy in high price is possbile because we do not know when is bottom of that trend.